The prices of gold and silver remained nearly unchanged on a weekly scale. The optimism in the precious metals markets following the recent decision of U.S policymakers to raise taxes and averting the “fiscal cliff” didn’t last long. The prices…
Despite the high volatility in the prices of gold and silver during last week, they remained nearly unchanged on a weekly scale. Gold and silver rallied after the holiday after the announcement that the U.S Senate and later Congress approved…
During last week, the high volatility in the financial markets returned following the New Year’s holiday. Soon after the fiscal cliff was averted, the markets rallied. Soon after, however, certain markets such as precious metals resumed their downward trend. The…
During last week, crude oil prices rose following the optimism in markets as U.S policymakers were able to avert the fiscal cliff. According to the recent EIA report, oil stockpiles declined by 10MB. During the previous week, WTI oil rose…
Crude oil prices resumed their upward trend following the New Year holiday. The U.S stockpiles changed direction and decreased according to the recent EIA report. The gap between Brent and WTI narrowed again to a range between $18 and $19…
Natural gas (short term delivery) changed direction again and sharply fell mainly during the first part of the week. This drop in prices came after natural gas rallied a week earlier. According to the recent EIA report, the NG storage…